Kitchen Commissary, Event Space, Retail Space
Listing Number: 090122-721534
Listing Details
- Down Payment: $1,100,000
- Sales: $1,200,000
- Seller's Discretionary Earnings: $400,000
- Inventory: $0
- Furniture, Fixtures, and Equipment: $550,000
- Employees: 2
- Year Established:
- Reason for Selling: Owner retiring
Business Description
This three-pronged business with real estate serves as a commercial kitchen / co-working space / commissary for catering businesses, event space for events up to 250 people, and retail space for what was most recently a brewery tenant. Plus, a small private kitchen, plus parking. Located off of York Rd. just south of Northern Parkway in Baltimore City with diverse neighborhoods such as Roland Park, Wyndhurst, Homeland, Cameron Village, Evesham Park, Rosebank, and 3 miles south of Towson.
The commissary is operating at about 80% capacity and brings in $600k in revenue, while the event space is at 20% capacity and bringing in $200k per year (pre-covid they did 75 events per year). The brewery space is almost occupied with a AAA national client at $90k per year plus cam for at least 5 years.
The building, originally built in 1930's (and used as a car dealer) was recently completely remodeled in 2015 with a $3.5k investment. The commercial commissary is 10,000 square feet. A private commercial kitchen with 1,400 SF. The event space including supporting spaces is 12,000 SF. The brewery or other retail tenant space is 6,000 SF. Owned parking lots with 22 and 12 across the street was purchased at a later date. Total building size is 28,864